Basic Concepts in Real Estate

Basic Concepts in Real Estate

Professional Development

27 Qs

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Basic Concepts in Real Estate

Basic Concepts in Real Estate

Assessment

Quiz

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Professional Development

Practice Problem

Medium

Created by

Maribel Rodriguez

Used 3+ times

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27 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

What does Real Estate refer to?

Only land without any structures

Land and any permanent structures attached to it, including buildings and roads

Movable property like vehicles and furniture

2.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

What is the primary purpose of a Real Estate Agent?

To conduct property appraisals and inspections.

To assist clients in buying, selling, or renting properties.

To provide legal advice during property transactions.

3.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Which of the following correctly matches Residential Real Estate with its description?

Properties used for business purposes, like offices, malls, and hotels that generate income through leasing to businesses.

Includes factories, warehouses, and distribution centers crucial for manufacturing and logistics operations.

Properties designed for people to live in, including single-family homes, condos, townhouses, and multi-family units.

4.

MULTIPLE CHOICE QUESTION

45 sec • 5 pts

Which of the following correctly matches Commercial Real Estate with its description?

Includes factories, warehouses, and distribution centers crucial for manufacturing and logistics operations.

Properties used for business purposes, like offices, malls, and hotels that generate income through leasing to businesses.

Raw, undeveloped land that can be used for agriculture, development, or conservation, often as a long-term investment.

5.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Which of the following correctly matches Industrial Real Estate with its description?


Includes factories, warehouses, and distribution centers crucial for manufacturing and logistics operations.


Properties designed for people to live in, including single-family homes, condos, townhouses, and multi-family units.


Properties used for business purposes, like offices, malls, and hotels that generate income through leasing to businesses.

6.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Is raw real estate that can be used for agriculture, development, or conservation, often as a long-term investment.

7.

OPEN ENDED QUESTION

3 mins • 3 pts

What are the types of Residential Real Estate?

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Answer explanation

Media Image

Family Homes, Condominiums and Townhouses

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